It allowed points in space to be described algebraically. This allowed lines and curves to be described using algebra. Bringing together algebra and geometry meant that tools that mathematicians had developed for solving algebraic problems could be applied to problems in geometry and tools from geometry could be applied to algebra.
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It is the Cartesian plane or grid system whereas coordinates of x and y are plotted on it.
The x-and the y-axes of the two dimensional Cartesian coordinate system divide the plane in four. Each of these is a quadrant.
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The parts of a cartesian coordinate system include the origin (point 0,0), the x-axis or abscissa, the y-axis or ordinate, and the quadrants into which the x and y axes divide the plane.
According to the stories surrounding its development, yes.